CBS is axing “The Late Show With Stephen Colbert” in May 2026. The announcement on live air Thursday came two days after Colbert spoke out against CBS Global settling with President Donald Trump over a “60 Minutes” story.

This is all just going away,” host Stephen Colbert said while taping his Thursday show.

CBS said it planned to cancel Stephen Colbert's Late Show after next season, citing the weakening finances of late night

Colbert confirmed the cancellation during a show taping on Thursday. CBS said the move was "purely a financial decision against a challenging backdrop in late night."

Stephen Colbert's "The Late Show", long a staple of late-night television, will come to an end in 2026, the comedian and network CBS said on Thursday."The network will be ending the show in May (2026).

Colbert’s cancellation came days after he mocked Paramount, which owns CBS, for its $16 million settlement with Trump in a lawsuit many considered meritless. That settlement comes as Paramount attempts a merger with Skydance Media, which requires FCC approval to proceed.

Two Emmy categories were unexpectedly revealed early on Tuesday morning and The Traitors, Drag Race and the Late Show are nominees once again